Options Market is Losing Confidence in Bitcoin; This Could Spell Trouble for 2020

Bitcoin (BTC) has been able to incur some tempered bullishness today after a multi-day period of hovering around its support at $7,200. Today’s slight gains have come about in the face of a strong down trend, however, which could mean that these gains will ultimately prove to be fleeting and followed by further downside.
One factor that analysts are pointing to as support for the idea that the macro-bear trend is still far from being over is the fact that the options market is losing faith